Slide 1: SUBARU
=> SUBARU | 202643 AM RAMS HUStt SUBARU RAHA CEO KilG 2026475A158 https://www.subaru.co,jp/ir/
Slide 2: FY2026 results summary and initiatives
| 2026年3月期実 績 I 収益の状況 I ■ 米国追加関税や為替、原材料高騰と合わせて3,000億円レベルの影響 ■ 米国環境規制の大幅な緩和を受けた環境クレジットおよびBEV関連の大口費用は 26年3月期をピ ークとして計上し、営業利益401億円 I 取り組み実績 I ■ 関税影響や原材料高騰に対し、開発・生産・販売の名各面で機動的な対応を実行 ■ 経営基盤の強靭化とともに「存在感と魅力ある企業」であり続けるための 道筋として「2025方針」を策定・発信 2 https://www.subaru.cojp/ir/
Slide 3: | 202E5FUDOEBES EDEN AL
| 202E5FUDOEBES EDEN AL a GSS: BEVBHSE a IC, FUQILATS LEV U4) CHP ORAPORALHEI m pe: ZRGE/OVUOBRBELTBEV/ICEHO A+ ESE EH SEDIEN ik m loo: E4tBHASBEVSASIEMAL, BABU UV—ASICERMMMODIIV IP yYIIENL Tb g /\Ya—Fr—y: SUBARU 528A CHS! BBRED BAY IAIN OAC HRS eA e DAKE: EBRITOAAb ae orse | Eh ME HT 20-30 | 7a SIA
Slide 4: | 202743 Hi RGBL
| 202743 Hi RGBL Sh epiete lok SUR ata S as RMP SRPRS EMI BiclcMA, PRIFBZOZStLSY 13002 AE ODL BITUZIEBRE FRORVY HA a T2025ASIOMBZIWHACUEITSEL MII HSL IVY INNS CW I The ww ‘ds eae TICERM MILKY, ZF en Fl ze1 500A ATE $= & O—/ANLEA CRITE AL,
Slide 5: Shareholder return policy
| pEMMERREEHLT -E HA teLI 7 ~-IXAIOTROU ’ TSR eSUOM Het tae ono vuck. DERE e PRHHWRAAM EA LICOGMSARRERACKERRART <HEiRTt> FRE IR ILD BALA S HEY IKDOE3.5 % (*) (LHODER He "1500/2 A+ER¢TZECHAMEARE a (2025ARH IDS BEESON ALCHhPD tT BAMAHORMEZRE (*) BBEHS CAEKERT SI TOMOBABMOBRIZEKC DOE = #MMARA+ MSEHOMAA
Slide 6: SUBARU
<= SUBARU 202673 AR RAERAS #xtStLSUBARU NRE BATRA CFO PH Si 20264F5A 158 https://www.subaru.co,jp/ir/
Slide 7: FY2026 results
20267%3AH Fis
Slide 8: Sales volume
ABLE HALE +284 Ait BRK Ta Ait *1 bASHIFGREOAReLEC. MSRM RCOKMMR WTI-EVOGRMISSERL, *2 2026 2A 6A ERIE Bh st a EAR (FA) 2025443 Aw 20264F3A 2026453 Af eR ie BEM) ATE BBL +2b) BMEAC (ca) (c-(b) 345 - 355 +11 - 602 - 525 -77 - 946 900 880 -66 -20 2025443 Aw 2026473 AH 2026443 A igh ie MM) FILE RGB) MC)
Slide 9: Sales volume by region
Sh Bape BIA at ENE ATE AB Et Ra Ea ES Eth ot Bat a A nytt CHAR St a RM (THe Gl ) 2025473 A 3A 2026463 A #4 2026453 A 34 Rm bP BR ihla) BU] i L(b) BR A(c) (c)-(a) (c)-(b) 91 - 87 -4 - 13 - 16 +2 - 104 104 103 -1 -1 662 - 641 -21 - 70 - 67 -3 - 732 727 708 -24 -19 23 - 23 -0 - 44 - 31 -12 - 3 - 2 -1 -
Slide 10: Financial results summary
| BSA BRS 5t EI at EIA 5} BRA it B51 Bi Al at RAAOMAAIIETS 4 Al at ABL—k uss EURO CAN$ (FA) 202543A Hi 202643A Hi 202643A Hi em Rm MAEM) #1 RIEL) EMEC) (o)-(a) (c-(b) 46,858 48,000 47,850 +992 -150 6,514 - 6,999 +485 - 40,344 = 40,851 +507 = 4,053 1,300 401 -3,652 -899 4,485 1,800 1,075 -3,410 -725
Slide 11: FY2026 results overview
| 2026%3AM BRAM IQR ARBLL RHEA yl it 28 +$CRREA - FVICKH CHELEBROZRE YD, PRABO RBI, Ast GO > A220/8F He 4} THe THA AHA OIE MIC BESO ECE HR, SEAMS 245 BRD . = as * BHROVRMESOSILe RIT, BEVRABEO MISE, BEVELZEBAOHE | Ad578{eA UK BOSE “HARAOABL—-KMAREROLCEICKY, HBECRHE ARES A100 #25|4eQOR Sst As (3Q%L—k:
Slide 12: Operating profit variance analysis
BEG PHUAERER (9) -2,893 36 GRE -788 Mts +1,202 + - 503 +524 231 1,011 BRRRZIL AMEREH 401 L = EASE) MARIS zon — 20254F3 A Hi I = .. 2026453 A #4 Se 3,65248 FA mw) Hee eam — -2,003/e/ Kym — -503 RIM +524|RGME MEH +231 KEE ARR -2,269 HAE -270 GRE (RBRE +414 +231 BEVEIB A -578 Rae ih -386 HiSAES -233 As
Slide 13: Cash flow
| Feyvaz7O— / $HBSKR BABIN KSCF HA AHIX-KSCF J—CF UMBAMIX KSC AZRUWRSASVWOASLSS EMRESCHERUREA SD (A) A. RERUREASY EMRE AATF AR MARE (B) EMRE SCARY YY A(A-B) * VARS LIORMILSA CHIVECA, 2025473A i 2026473A BUS BRM 4,921 3,582 -4,041 -1,147 881 2,436 -1,873 -2,178 -73 381 2025573 AK 2026473 AK ie 15,897
Slide 14: Capex, R&D and depreciation
Bx fis FR A TM A B+ OTR Ge FE 3 (FA) 2025443 Fw 2026473 Fi 2026443 Fi # ieak em SMa) BIE] 53 L(b) RAC) (c}(a) (c}(b) RRA +1 1,761 2,300 2,102 +341 -198 RRR «1 968 1,000 1,036 +67 +36 RAL BAFESZHH x2 1,600 1,600 1,580 -19 -20 *1 UV-ARSIBLURBAEIRS RRA, RMN AISLIORMILAA CHVECA, *2 HAM PICRALLM RMR IRS
Slide 15: FY2027 forecast
202773AH Rial 15
Slide 16: Sales volume forecast
ABA BIA +#aR« BE BRK R Ite * MAGRITGRIED SMES. FAFADHCORMMR WTV-EVORMISSERL, BH FEAR (Fe) 2026473 A 2027483 A it Bae 0 AGEL 355 - - 525 - - 880 900 +20 2026473 FA 2027473 AH i oR ERE AGEL Sit 896 940 +44
Slide 17: Sales volume forecast by region
i ite Sc Pk Ee A ALA ALA LA G &X ( th All ) 2026463 A ¥f 2027453 A Hi i 380 et REL 103 108 +5 708 736 +28 85 96 +11 793 832 +39 896 940 +44
Slide 18: Financial forecast
| BHRBL SRSA 5t Es at EIA Bob BS Al at B51 A Al it HAAOMAAIIRETS 4H Fl at ABL—F US$ EURO CAN$ 2026553 AH 2027453 A ge BRR RAL 47,850 52,000 +4,150 6,999 - - 40,851 - - 401 1,500 +1,099 1,075 1,800 +725 908 1,300 +392 ¥150 ¥155 +¥5 ¥174 ¥180 +¥6 ¥109 ¥110 +¥1 (5 FA) 18
Slide 19: Operating profit variance forecast
A RH He BMRBL BRA RMS A (SFA) +300 +100 -1,300 +400 -200 +=... *300 — reas |] qA +1,500 LT exe BARE ages «Eat ie RMA He 20264F3F HA Sa 2027473 AHA A BL +1,099 18 Fl ci &) https://www.subaru.co,jp/ir/ 19
Slide 20: Capex, R&D and depreciation forecast
Bx fis Fe A WM A A BOF Ge FE 3 2026463 Fi 20274F3 A 168 WISE I RGAL RR «1 2,102 1,600 -502 RMA +1 1,036 1,250 +214 RBM *2 1,580 1,450 -130 *1 UV-ARSIBLURBAEIRORERA, RMRMRIttseORMIIBA CHVECA. *2 HEME PCKELLMRMREH ROR Be AM, fal IFRS CIE SK RHWOF6 REED SNS-MORMERBBECL HLL, RRM BFRICRIS AMT SEH, BRM AE
Slide 21: Environmental credits and BEV costs
| RRRAOREL CATEICE St FE) ‘o ——— WH LICE NBR V—ASBESD ps = (BEV BA # ) ie . Ett RBEVO BA HEMIR KY RD (F$ESEOBEVASMA IX AT Te FR aT BA FE ERR) + pe Cait Bint EI KOR MEHL AR OIER ( & eH A) HEV ERED O—BO isa 20254711FA 10 BR SHREL RRR 1.296 (1.2IKFUILARZ) https://www.subaru.co,jp/ir/ 21
Slide 22: Dividends
Fala dl cH fel Bc 34 te RRA FAC DOE * BORA 2025453 Fi 2026473 Ai 2026453 A A 2027463 AA LB Euler +i 48.0 57.0 57.0 58.0 67.0 58.0 58.5 58.0 115.0 115.0 115.5 116.0 3.5% 3.5% 500(& FA RE 1,500% Fi RE * BERS CAECUM SZ OMON BADERMAH IER © DOE = 4 flac Sea + (HASHOMAA ET SD TOO AAOBRER) BORHORG MATAR In
Slide 23: Shareholder return policy
| Sans MBBSHECREEORE (MRR REI) ONIAZLCOLRARD HEBSHCREORH RERBO REL ARES O BER TICS TE, RMA REACH KAO, BM1.2KAICOT, SABA) Ee BAR © AHBXBEVOMARMICKS RIV AME © sy ya RAO LRARS Rube a2 5A RHRICER AH RES} ct HAYEA—IL CHROBEVABSAICAIt eR aT PAR LHR) REBTAHORA BHO. RAHA. PERRGECMANICHRL, PRAM AMRa LASIK, ©
Slide 24: -RA7AVbE TR BRS / PE 3h All) -AFSHRH
-RA7AVbE TR BRS / PE 3h All) -AFSHRH - Bb oe EI tt RADA (3A) BRR SRM KE HRS - 2026437 WR te (B+ Hal) - RAR? -EREGR / RGM 1B https://www.subaru.co,jp/ir/ 24
Slide 25: Results by segment
| PREM BSeTAVbH AR (5 FA) FELIS BRA 2025473 2026473 AH im 2025473 AW 2026473 AW em BAS BMS Bue BMS 45,690 46,383 +693 4,204 321 —-3,883 1,116 1,417 +301 -196 35 +231 51 50 -2 37 36 -1 - - - 9 9 +1 46,858 47,850 +992 4,053 401 -3,652 25
Slide 26: Operating profit by segment
| SORBET AYDR BHA (SB) 202543 A WA 2026473 A 1 em EE EMR aH 2,388 -1,482 -3,870 i ie Fe 1,544 1,503 -41 EO tthe 272 300 +28 ait 4,204 321 -3,883 * BBL Ath, PHM, Blk S AS 26
Slide 27: Results by region
| Smee Az ALK EO th BASH Pr fe 3h Al 2 TAU b RR (5 FA) FEL ING Bale 2025473 AA 202643A om 20253A 202643A em BRE BaSe BaSe BRS ® 9,438 9,804 +365 3,127 -1,107 -4,234 36,278 36,927 +649 1,009 1,081 +72 1,141 1,119 -22 5 49 +44 - - - -89 378 +467 46,858 47,850 +992 4,053 401 -3,652 27
Slide 28: Automotive revenue
| BRERA Bt aA 2025453 Aw 202643 Aw ee EM HSM 37,108 37,805 +697 982 1,058 +76 367 253 -114 1,886 1,735 -152 40,344 40,851 +507 (5 FA) 28
Slide 29: Financial position
| ZEUBKERHSS RARE FER A ARAHt aATAR BAA FAME RE RStOMAT On RRA RAHOMA Aes OFF D/ELDY A (FA) 20253A 2026443 AK em 50,882 54,923 +4,041 31,912 33,744 +1,832 18,970 21,179 +2,209 23,725 27,106 +3,381 3,995 3,845 -150 27,157 27,817 +660 21,065 20,673 -392 27,145 27,804 +659 53.3% 50.6% -2.7% 0.15 0.14 -
Slide 30: Cost breakdown
| BRA he w 202543 Ai 2026463 A ¥A iat EMM EMH BIA 602 525 -77 BASE 111 108 -3 Sep 97 91 -6 =P 14 17 +3 muna 503 437 -66 eo} = ABB me 337 350 +13 Hith Stock 951 894 -56 * FAGMITGRENDGRESO, AYR RCORMMR YT VU-EVORMIAAERL, 30
Slide 31: Subsidiaries results
| BHA KBFSHRE (Million US$) 2025473 Aw 2026453 AK , SOA *1 BSH BSA 1m LE 21,994 22,758 +764 BRAD 279 563 +284 35 HF AF BE 334 561 +227 IN FERRIES BFS) 679 617 ~62 2025453 A ii 2026453 Ad , SIA »2 ea rea ‘om zLE 9,960 10,365 +405 Set 239 74 -~165 4 85 Fe 239 114 -125 SECM (+4) 345 355 +11 *1 SOA: Sub
Slide 32: Production and sales volume
| $4 +H(3n ASM Se Bape BABE re AR St GM (Th Fill ) 2025473 FAW 20264737 Hi #8 3 4Q Rif 4Q Rif 25 21 3 4 29 25 156 162 18 15 7 8 12 4 1 0 7 5 200 195 229 220 32
Slide 33: 4Q results
5c Ein as BIA ie Be Al at Bi 5 | A SF Al St | S44 37H Se BREE 2025443 FA 2026473 SOMA Snes} Pa FA A Sk ABL—k US$ EURO CAN$ 4Q 2h 4QR if alia 11,494 12,660 +1,166 1,776 1,884 +108 9,718 10,776 +1,058 362 -262 -623 225 -115 -340 207 78 -129 ¥154 ¥156 +¥2 ¥160 ¥183 +¥24 ¥108 ¥114 +¥6 (EFA) 33
Slide 34: 4Q operating profit variance analysis
We & a 4 (3 A) SA BRARBAEA (FA) -286 56 OME — -202 (MBE +412 +110 -473 -154 +179 RGERED BREE E/SSCY EH Ate h EMH 2025473 FA A i 20264F3 A AQ -623 48 Fic a) 4088 BRRREIL -286/E/ SY EH -—154|Axocie Bh +179 | RE ED +110/EO 4h -473 ABzE +2 REAER -153 GRE: MERE +210 FRE +110 BEVEBA -578 FLILAL—hE +180 FA
Slide 35: FY2026 quarterly results
| 202643 FA (+ Hl) (FA) 2026463 A 102 20R 302 40 BRT aR +4) 244 229 203 220 + EGR (F4) 247 206 204 223 5 LI tt 12,141 11,716 11,333 12,660 BRA 764 263 -364 -262 se 548 356 -73 78 ABL—b us$ ¥146 ¥146 ¥152 ¥156 * hASMITGRED GRAD, FASBHRCOKMMMR WTU-EVOBRISBERL, 35
Slide 36: Monthly trends
|FEER/ DEER HB (Fe) "FeGR SUE" 250 200 150 50 13H 446A 7-9A 10-12A 1-38 446A 4 7-9A 10-12A 1-3H 49468 7-9 10-128 1-3A 4946 7-9H 10-128 1-3A 4-6A 8 7-9H 10-12 1-3A 44-6A 8 87-9H 10-12A 1-3 2020 20215 20225 2023 20245 2025s 20265 * hASMITGRENGRESE, FASB MRCORMMR/ YT V—-EVO GRABER, https://www.subaru.c
Slide 37: SUBARU
SUBARU ABAICHMEN CSB RBRGEOIS, BPM SRLS, REA FARES, FRMICBOURRE. BE UFIET CBU. FRA GUADORERIESEART. HRICKI1SSHORRO RRS, AHERVARHRAB, BAVA BL—-hLOBRAELKY, CHO¢CRESRBRCECABRMOCVET, HVELT. CORMLOAILSMMITHAMSENSO ClLHET CHHEET EICSHUMLET https://www.subaru.co,jp/ir/ 37